NATGAS - LNG NWE JAPAN KOREA in $/Mmbtu
LNG NWE ARA, Japan/Korea Marker, Back month, Front Month, Japan Crude Cocktail..
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last update: 2025-08-03 23:00:06 GMT
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| NGLN | LN | NWE | NWE | NWE | JP | JP/KR | JP/KR | JP/KR | JP | USG | AU | USG | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICE | HENRY HUB TTF NATGAS SPREAD | LNG NWE A.R.A MARKER | LNG North West EU (ICE) | LNG South West EU (ICE) | LNG JAPAN MARKER | LNG JP/KR MARKER FRONT | LNG JAPAN MARKER | LNG JP/KR MARKER BACK | LNG JP Crude Cocktail | LNG FREIGHT ROUTE US GULF TO CONTINENT RV | LNG FREIGHT ROUTE AUSTRALIA TO JAPAN RV | LNG FREIGHT ROUTE US GULF TO JAPAN RV | |||||||||||||
| Swap | Hub | Hub | Hub | Hub | Hub | Hub | Hub | Hub | Hub | US Gulf - Continent | Australia to Japan | US Gulf - Japan | |||||||||||||
| versus | $/Mmbtu | versus | $/Mmbtu | versus | $/Mmbtu | versus | $/Mmbtu | $/Mmbtu | $/Mmbtu | versus | $/Mmbtu | $/Mmbtu | $/Mmbtu | $/mT | $/day | $/mT | $/day | $/mT | $/day | ||||||
| Outright | NG | Outright | UKD | Outright | UKD | Outright | UKD | Outright | Outright | Outright | UKD | Outright | Outright | Outright | LNG | T.C. | LNG | T.C. | LNG | T.C. | |||||
| UKD | THD | NWM | NWL | SWL | TCM | JKF | JKM | JKB | JCC | BL2 | BL1 | BL3 | |||||||||||||
| AUG25 | 9.85 | -9.40 | 13.38 | +1.10 | 10.95 | +1.22 | 11.07 | +1.19 | 11.04 | +1.19 | 11.04 | - | 37.59 | +1.22 | 11.07 | - | 23.02 | - | 81.72 | - | 25333 | - | 23667 | - | 31667 |
| SEP25 | 9.93 | -9.18 | 13.23 | +1.35 | 11.28 | +1.45 | 11.37 | +1.44 | 11.37 | +1.44 | 11.37 | - | 30.71 | +1.45 | 11.37 | - | 23.12 | - | 80.63 | - | 26500 | - | 26333 | - | 34667 |
| OCT25 | 10.03 | -8.96 | 13.09 | +1.55 | 11.59 | +1.63 | 11.66 | +1.66 | 11.69 | +1.66 | 11.69 | - | 23.21 | +1.63 | 11.66 | - | 23.21 | - | 79.65 | - | 29000 | - | 30667 | - | 36000 |
| NOV25 | 10.14 | -8.77 | 13.06 | +1.75 | 11.89 | +1.80 | 11.94 | +1.82 | 11.96 | +1.82 | 11.96 | - | 23.07 | +1.80 | 11.94 | - | 23.07 | - | 79.11 | - | 30333 | - | 33667 | - | 38000 |
| DEC25 | 10.39 | -8.65 | 13.15 | +1.68 | 12.07 | +1.72 | 12.11 | +1.74 | 12.13 | +1.74 | 12.13 | - | 23.31 | +1.72 | 12.11 | - | 23.31 | - | 78.81 | - | 32333 | - | 39667 | - | 40667 |
| JAN26 | 10.53 | -8.61 | 13.17 | +1.61 | 12.15 | +1.64 | 12.18 | +1.65 | 12.19 | +1.65 | 12.19 | - | 23.53 | +1.64 | 12.18 | - | 23.53 | - | 78.55 | - | 29000 | - | 29000 | - | 34333 |
| 4Q25 | 10.47 | -8.97 | 13.13 | +1.38 | 11.85 | +1.44 | 11.91 | +1.46 | 11.93 | +1.46 | 11.93 | - | 23.84 | +1.44 | 11.91 | - | 23.84 | - | 78.27 | - | 30555 | - | 34667 | - | 38222 |
| 1Q26 | 9.92 | -8.65 | 13.17 | +2.16 | 12.08 | +2.20 | 12.11 | +2.21 | 12.13 | +2.21 | 12.13 | - | 23.30 | +2.20 | 12.11 | - | 23.30 | - | 78.82 | - | 25333 | - | 28333 | - | - |
| 2Q26 | 10.08 | -8.63 | 13.50 | +1.08 | 11.16 | +1.12 | 11.19 | +1.13 | 11.20 | +1.13 | 11.20 | - | 24.19 | +1.12 | 11.19 | - | 24.19 | - | 77.97 | - | 23333 | - | 27333 | - | - |
| SUM1 | 10.02 | -8.81 | 13.15 | +1.94 | 11.96 | +1.99 | 12.01 | +2.00 | 12.03 | +2.00 | 12.03 | - | 25.49 | +1.99 | 12.01 | - | 25.49 | - | 77.12 | - | 27944 | - | 31500 | - | 34778 |
| WIN1 | 9.89 | -8.56 | 13.51 | +1.27 | 11.16 | +1.30 | 11.20 | +1.32 | 11.21 | +1.32 | 11.21 | - | 24.74 | +1.30 | 11.20 | - | 24.74 | - | 76.30 | - | 25000 | - | 28333 | - | 35500 |
| SUM2 | 9.65 | -6.76 | 10.91 | +1.81 | 11.45 | +1.75 | 11.40 | +1.77 | 11.42 | +1.77 | 11.42 | - | 20.99 | +1.75 | 11.40 | - | 20.99 | - | 75.78 | - | 35834 | - | 40667 | - | 47500 |
| WIN2 | 9.14 | -6.71 | 11.18 | +0.76 | 9.90 | - | - | - | - | - | - | - | 24.21 | - | - | - | 24.11 | - | 78.37 | - | 34000 | - | 39333 | - | 49333 |
| 2026 | 8.41 | -7.18 | 11.63 | +3.04 | 11.46 | +3.07 | 11.48 | +3.08 | 11.50 | +3.08 | 11.50 | - | 22.04 | +3.07 | 11.48 | - | 22.04 | - | 75.58 | - | 28250 | - | 31750 | - | 37000 |
| 2027 | 9.88 | -5.57 | 9.43 | +0.47 | 10.35 | - | - | - | - | - | - | - | 17.38 | - | - | - | 17.38 | - | 73.50 | - | 34000 | - | 39333 | - | 49333 |
| 2028 | 8.68 | - | - | +0.44 | 9.12 | - | - | - | - | - | - | - | 17.80 | - | - | - | 17.80 | - | 71.15 | - | - | - | - | - | - |
| 2026 | 7.60 | - | - | +3.85 | 11.46 | +3.88 | 11.48 | +3.89 | 11.50 | +3.89 | 11.50 | - | - | +3.88 | 11.48 | - | - | - | 69.52 | - | - | - | - | - | - |
| AUG25 |
|---|
| SEP25 |
| OCT25 |
| NOV25 |
| DEC25 |
| JAN26 |
| 4Q25 |
| 1Q26 |
| 2Q26 |
| SUM1 |
| WIN1 |
| SUM2 |
| WIN2 |
| 2026 |
| 2027 |
| 2028 |
| 2026 |